Multifamily Surveillance Senior

Freddie Mac

About The Position

The Surveillance team within the Asset Management and Operations Department of Multifamily is looking for an inquisitive, self-motivated and analytical teammate who can evaluate real estate, detect financial and physical risks and provide meaningful analysis to diverse stakeholders. The Surveillance Team within the Asset Management and Operations Department of Multifamily is responsible for detecting and managing credit, regulatory, and reputational risk to Freddie Mac that comes from loans or bonds in Freddie Mac Multifamily’s investment, transitional, or specially serviced portfolio. Our team works closely with multiple groups within Freddie Mac Multifamily, our Optigo customer network, and the US Multifamily industry in general. Through our monitoring of credit quality and performance of our multifamily portfolio, we provide recovery to investors and superior service to Borrower while ensuring compliance with government regulations and/or company policy.

Requirements

Bachelor’s degree in finance, Real Estate, Business Administration, Quantitative Analysis or related field or an equivalent combination of education and experience from which comparable knowledge and skills may be acquired
5-7 years related experience
Ability to manage multiple efforts simultaneously. Ability to prioritize and be self-directed
Proficiency with Microsoft Office products. Strong expertise in MS Excel with ability to create macros, pivot tables, excel functions, charts, etc.
Experience building and maintaining strong partnerships with internal and external customers
Strong verbal and written communication skills
Strong organizational skills and even stronger work ethic

Nice To Haves

Providing excellent customer service while managing a large volume of requests
Basic knowledge of multifamily property inspections and operations
Basic understanding of securitized lending structures such as CMBS, and the parties and roles within those structures.
Understanding of Affordable Rental Housing, including the Low-Income Housing Tax Credit program
Familiarity with developing complex spreadsheets including the use of Visual Basic for Applications (VBA)

Responsibilities

Assessing loan-level risk through analysis of operating statements and evaluation of property, market, borrower, and property management
Reviewing servicer and third-party property inspections for quality control and risk determination; inspect properties throughout US to determine market position, physical condition, management quality. Some travel maybe required
Completing valuations and impairment reviews on the higher risk loan population
Evaluating loan collateral, and assisting in due diligence activities to determine the appropriate assignments of risk ratings and classifications of loans in our portfolio
Monitoring portfolio performance through review of Watch List, delinquency reports
Performing data analysis on global portfolio to provide intelligence to internal customers and senior management regarding performance of multifamily assets
Preparing reports for management, investors and regulator
Participating in initiatives to streamline business processes and further strengthen portfolio monitoring
Performing special projects as assigned